International Graphite (ASX:IG6)

International Graphite Funding Deal with Comet Resources a Win-Win, Report Says

International Graphite’s (ASX:IG6) $1.5-million funding deal with major shareholder Comet Resources (ASX:CRL) resulted in a surge in IG6’s shares on March 13. The loan agreement was undertaken to address market speculation on the security of Comet’s shares in IG6, according to a news report from The West Australian.

Management says the strategic funding transaction will prevent the potential sell down of any of the 40 million International Graphite shares owned by Comet – which delisted from the ASX in January – when they are released from escrow next month,” the report said.

The funding deal included giving International Graphite a majority seat on the Comet board, as IG6 management has called the deal a win-win for shareholders.



Read the full article here.

Click here to connect with International Graphite (ASX:IG6) for an Investor Presentation.

IG6:AU
International Graphite

International Graphite Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
International Graphite

International Graphite


Keep reading...Show less
Person signing agreement with hard hat in background.

International Graphite Gets AU$4.5 Million Grant for Collie Micronising Facility

International Graphite (ASX:IG6) has secured a AU$4.5 million government grant that will fund the construction of its Collie micronising facility, the company said in a press release on Tuesday (November 12).

The amount will be funded under the Australian Government Critical Minerals Office grant.

“We are excited to be pushing ahead with the construction of the new plant at Collie. Establishing a micronising business in Collie has been an important step in our development plans,” said CEO and Managing Director Andrew Worland.

Keep reading...Show less
Business handshake.

NOVONIX Pens Synthetic Graphite Offtake Deal with Carmaker Stellantis

NOVONIX (ASX:NVX,NASDAQ:NVX) announced on Sunday (November 10) that it has signed a binding offtake agreement with automotive company Stellantis (NYSE:STLA) for synthetic graphite material.

NOVONIX said that starting in 2026, it will provide a minimum of 86,250 tonnes of the material to Stellantis over a period of six years. The maximum amount NOVONIX will provide is 115,000 tonnes.

The high-performance synthetic graphite material will be sent to Stellantis' cell manufacturing partners in North America from NOVONIX's Riverside facility in Tennessee, US, and a planned expansion site.

Keep reading...Show less
Australia from above.

Lincoln Releases Kookaburra PFS, Outlines Plan to Become Newest Australian Graphite Miner

Lincoln Minerals (ASX:LML) moved closer to its goal of becoming Australia's newest graphite miner with the release of a prefeasibility study (PFS) for its Kookaburra project in South Australia.

The company shared the results on time, saying in September that the PFS was expected this month.

The study outlines two stages of development, and is designed to bring Kookaburra online at a low cost.

Keep reading...Show less
E-Power Resources (CSE:EPR)

E-Power Resources Inc. Announces Closing of a Second Tranche of Private Placement

E-Power Resources Inc (CSE: EPR) ("E-Power" or the "Company") announces that it has closed a second tranche of the private placement previously announced on September 24, 2024 (the "Private Placement").

An aggregate of 3,950,000 units (the " Units") of the Company were issued in this tranche of the Private Placement at a price of $0.05 per Unit for gross proceeds of $197,500, each Unit being comprised of one common share in the capital of the Company (each a "Common Share") and one-half common share purchase warrant (each a "Warrant"), each Warrant entitling its holder thereof to acquire one additional common share (each a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 60 months from the closing date. (the "Offering").

Keep reading...Show less
International Graphite

Quarterly Activities Report September 2024

International Graphite Limited (ASX: IG6) is pleased to present its Quarterly Report.
Keep reading...Show less
International Graphite

International Graphite Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×